Hong Kong Bitcoin ETF was approved on Monday, and the national team entered the market in a big way to buy BTC

After the Bitcoin spot ETF, the mainland attracted 150 billion yuan, most of which will enter Hong Kong through the Shanghai-Hong Kong Stock Connect program.

The first two national teams approved were Harvest Global and China Asset Management.

According to the official website of the Hong Kong Securities and Futures Commission,

Harvest Global and China Asset Management are both large national teams controlled by central enterprises.

Harvest was established in 1999 and is one of the earliest 10 fund management companies in the mainland. China Asset Management was established in 1998 and is one of the first national fund management companies in China.